On April 19, 2018, the Accounting and Information Assurance Department (AIA) at the University of Maryland’s Robert H. Smith School of Business hosted its annual Accounting Teaching Scholars (ATS) reception and dinner. The event honored the current class of ATS fellows, welcomed the newly selected students into the program, celebrated ATS alumni and offered appreciation for the program’s corporate partners. It was hosted by the AIA department chair Martin Loeb and the faculty champions of the ATS program, Progyan Basu and Gary Bulmash.
Dr. Loeb's early research was in economic mechanism design, incentive regulation, cost allocations, and cost-based procurement contracting. His current research (with Professor Lawrence Gordon) deals with economic aspects of information security and the interface between managerial accounting and information technology. In addition to being a Professor at the Smith School, he holds an Affiliate Professorship in University of Maryland Institute for Advanced Computer Studies (UMIACS).
The “Equifax Saga and Ramifications” and “The Mobile Lemon” (addressing smartphone app security and usability paradoxes), among other topics, highlighted the recent Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective. The University of Maryland’s School of Public Policy and Robert H. Smith School of Business hosted the event on Jan. 10, 2018 in Van Munching Hall.
Lawrence Gordon, EY Alumni Professor of Managerial Accounting and Information Assurance at the University of Maryland’s Robert H. Smith School of Business discussed the Gordon-Loeb Model for Cybersecurity Investments at the University of Tokyo on Nov. 20, 2017.
The Better Business Bureau is advising small business owners to consider using the Gordon-Loeb Model to mitigate cyberattacks.
On June 9, 2017, the University of Maryland’s Robert H. Smith School of Business hosted the 2017 Journal of Accounting and Public Policy (JAPP) Conference in College Park, Md.
The WannaCry ransomware that has affected more than 230,000 computers in 150 countries now has largely halted its crawl across the globe, but experts say the attack's real impact might be yet to come. The assault could herald a turning point in cyber intrusions and in the way institutions handle cybersecurity, says the Smith School's Martin Loeb, and co-author, with with Smith School colleague Lawrence A. Gordon, of the Gordon-Loeb Model for Cybersecurity Investments. The widespread attack is exposing "the underinvestment in cybersecurity by many organizations," Loeb says. And the change it sparks could be one of the lasting legacies of the WannaCry attack. Read more...
The recent Department of Homeland Security designation of state election assets as U.S. critical infrastructure – if it stands -- is a key to mitigating cyber threats to American democracy, said a researcher during the Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective on Jan. 11, 2017 at the University of Maryland. The designation means state governments can ask DHS for help to secure election infrastructure including voter registration databases, voting machines and other systems that manage the election process and report and display results on behalf of state and local governments.
Cybersecurity experts hired to lock down technology often overlook the vulnerability of another machine: the human brain. That was the warning of David Balenson, a senior computer scientist at SRI International, during the 12th annual Forum on Financial Information Systems and Cybersecurity, sponsored jointly by the University of Maryland’s School of Public Policy and Robert H. Smith School of Business.
Cyber attacks on companies worldwide increased by 48 percent from 2013 to 2014 as roughly 42.8 million data security breaches cost firms hundreds to potentially millions of dollars (according to this recent study). With cybercrime against organizations flourishing, researchers and senior executives from business and government agencies will engage in a daylong Forum on Financial Information Systems and Cybersecurity: A Public Policy Perspective on Jan. 13, 2016, in Van Munching Hall at the University of Maryland.
As tax season comes to a close, the new Volunteer Income Tax Assistance (VITA) chapter at the University of Maryland’s Robert H. Smith School of Business celebrated their first season of operation, and almost 100 returns filed successfully.
The VITA program was established by site coordinator Samuel Handwerger and professor Martin Loeb, with help from Wei Wu ’13 and 12 core student volunteers.